Offering Document
The document prepared by, or for, the Issuer and distributed to investors to provide disclosure with respect to one or more issues of bonds.
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Official Statement (“OS”)
The Offering Document used by an Underwriter in a Public Offering.
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Learn more about the various documents involved in a municipal securities transaction.
See Also
Preliminary Official Statement (“POS”)
The type of offering document circulated prior to the determination of the interest rates and certain other terms of the bonds when it is anticipated or known the bonds will be purchased by an underwriter and resold to the public.
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Bond Insurance (Policy)
A financial guaranty insurance policy provided by a bond insurer which pledges to make scheduled payments of interest and principal of a bond issue in the event the issuer is unable to make those payments on time.